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EURAUD Daily S/R| Bullish Divergence| Local S/R| Price Action Evening Traders, Today’s analysis – EURAUD – trading at key Daily S/R with a bullish divergence, further upside probable, Points to consider, - Price Action Impulsive - Daily S/R Support - Local S/R Resistance - RSI Bullish Divergence - Low Volume EURAUD’s immediate price action is at a key trade location where a bounce is probable allowing for a long bias. The Local S/R is the objective, being at technical confluence with the .618 Fibonacci and 200 MA, resistance is to be expected. The RSI is currently trading with a divergence, being played out will be indicative of strength in the market. Overall, in my opinion, EURAUD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “The hard, cold reality of trading is that every trade has an uncertain outcome.” ― Mark Douglas,
Long
by AzizKhanZamani
7
GBOUSD CONTINUATION DOWNWARDSWhats up guys, back with another idea. Dont forget to leave a like and if you wanna stay updated with my ideas go ahead and follow the page! We are getting better everyday. Now, on with the idea: So, we see that pre NY session, the pound was stuck in a consolidation zone. We can take from that, price is getting ready for a major play. WE can see the tall wicks at the tops of certain candles, telling us sellers are pushing down. Pair that with the fact that we are making lower highs in the process. We can conclude we are forming a down trend and we can proceed to see a drop to the lower supports i have marked. the green dashed lines being targets and the blue being a major level. Remember to use price action, risk management and be patient. Play the game, dont rush it. Trade Smart, Trade Precise. Lets get it snipers
Short
by fastboiijd